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<br />` . ��,�•�a¢�J . subatimtiully equivalcnt rnc�rtgagc Insuraitce rnveroge is nut avuilnblc, �ottnwcr xhall pay to I.cnder each m�mth u sum eyuul tu �
<br /> •��.:�..�`��; ans•twclflh��t tao yeutly mongago insurnnce pmmium hcing paid by 8orrnwcr�vhcn thc insursnce cavcrugc lapsrcl cir ceascd to
<br />"��°�"'����' be in cffcct. I.cncicr wfll areept, use c�nd retnin thcse payment�iiw i►I��ss rc.ecrve in licu oi mortgat,re incurnn�r. I.oss �csctve
<br /> ��•-�'�R�'i payntcnts may na i�mgc�In:rc�uircd, iu thc optinn of l.cnacr. if mongage lmurnncc ravcrugc lin the umount und for thc pctiad �
<br />,;,�:§,r:��r� ►hut l.c�xkr mi�uircxf provld`�J t+y u�i insurcr appr�ncd�iy I.c�tdcr aga��boc��mrs avuilublc und is i�btuinui. Rnrru�vcr tihull pny �
<br /> ' U�c��remiumr requimd to mUintuin murt�i►gc insucunrc in cfPett,or ro prnvide a la�s rescrvc. untii thc requircntent fnr murtgago
<br /> ^� .� .�� , insurun�a c�Tds in u�ti�mfunrs�vith uny�vrlucn ugrec�nc�it het�vien Borro�vcr und l.cndsr ar uppticublc Inw.
<br /> "' '�'� 9. IRSpeciloe�. I.cnder ur its a�cnt nwy mukc rrasonublc cntrics upon and impectiuns of the Property.l.�nder,hall givc �
<br />-=:r�� ;_!��, H��rnnvcr imticc ut tliQ timc��f ar pri�.r to un mspectinn spccifyin}�rcuti�muhic cuuu for thc inspcctiun.
<br /> - � 10.Cuntlemn¢tton. Thc procccde of uny awuni or daim for dumugcs,dimct or comcqucntiul. in conn�tion with any
<br />_.� cemdemnation or uth�er[aking ot'any part��f the PmpeRy.ar For ranvcyunee in lieu of condemnution, am hemby ussigrtccl and
<br /> shull t�e puid tu i.endcr.
<br />_.� In the event of u totnl tuking oF the Froperty.the prciceeds+hull he upplied to the sums secured by this Saurity Insuument.
<br /> whcther ar m�t then due,with uny excess paid to Barrotver. in the event af u partiul tnking of the Properiy in which thc fuir
<br />_ ;:,, mnrket vnluc uf the Prapeny immaiintely befam che tukina i�cquul to or grcater thun the«mount of the sams secumd by this
<br />, ,. :,.,• Stxuriry Insuument immediutcly befum the tutcin�.unloss aarro�ve�and l.ender othenvlse nsree in writing.die sums secumd by
<br /> �•��:�;. thiF Secudty Instrument �hall bo neduced by the umaunt af the praceeds multiplied by the lallawing frnction: (t►)the totul
<br />`=;:�f T�=�' umnunt of the s;um.g serured Immediately before tho tal:ing, divid�ci by(b) the fa�r mnrket v�tue of the Property imm�iintety
<br /> "_:�:�,.:�,� befa�+a the taking. Any bulame shnll be paid to Hurnawer. In the ovem of a purti�t tat�ing of che Property in wh�cfi the fc�ir
<br />•.��s:;';;;,� market vnlue of the Pmporty immediately before the taking is less than tho umount af the sums secured immodintely befora the
<br />�i-`.xf{�?' tAking. unless Borrowcr uRd l.cnder atherwise agree in wdting or unless applicuble lu�v othenvise provIdes.the pms.�eeds Fh�ll
<br />:;;';; ", be upplied to the sums secur+�d by this Security Instrument whethar or not the sums ate thea due.
<br /> ;. If the Pmperty is uJa�nd.o�t:aJ by Borrower,or if,after nntice by I.ender to Bormwer that ths condemnar offers ta muke an
<br />'���`�''��� uwurd or settle u daim foc duxta3es. �m►wer fails to c�espond to I.ende� within a0 duys uRer the date the nutice is given.
<br /> �`''�+ ' l.ender is uutharized to�afl�ocr a��d��plg the proceeds,at its option,either to restoratian or repair of the Property or ta the sumg
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<br />'°g' . secu�+ed by this Security IcGC¢wmrlrnt,whe¢�er or fzu�u eitem due.
<br />-"°"��`�' Unless Lender uRd I�rr�aver �thecwise agree in wsiting, any application of proceeds to principal shalt not extend or
<br />-�tr,��p:;�� postpone the due date of tDr�monthly gayrttee��s referred to dn para��aphs 1 and 2 or change the amount of such payments.
<br /> 1 '�"F•`;''• I1.�orrower Not Releasedi�orin�mce�y II.e�e��r Ncn��l�R�ff�iver.Extension of the time for payment or madi�icutton
<br />'=•-`;�;�.;t��� of amortization of the sums secumd by this 5ecurity Instrvment�ant�by Lender to any successor in interest of Borrower shall
<br /> �-�;�_-- not operate to release the Idabflity of the originul Botro�ver or Bomow¢r's successors in interest. L.ender shall not be requit+ed to
<br />_�n��� rnmmence proceedtngs�gaumst any successor in intenes¢or refuse to extend ti�mx for payment or otherwise modify amorti7adan
<br />�;a,�,� of the sums secured by thns Security Insmiment by reason of uny demand miatle by the ariginal Bornnwex ar Borrower's
<br /> - successors�n Interest. My forbearance by Lender in exerrising any right or rPmedy shall not be a waiver of�psecl�.�e the
<br /> -�-- exercise of any right er remedy.
<br /> "".'�'-'� 12.Suocessors and Assi�ns �o�d;Joint aad SeveraD �.�.�aYaty; Co-sIguers. Thz rnvenants an��ga�menu of tQ�is
<br /> -��_�"`� Security Insuument sball bind and ben�efit the successors and Assig�rs of L.ender and Borra�veR, subjeca to the provisiona af
<br /> :� paragraph 17. Borrower's covenants and agrermen�s shall be joint •and se�era(. Any Borrowes �vha oo-sig�s this SecurIty
<br /> --==-%�� ��atrument hut dcx�s no[e�c¢cute the Note: fa)is oo-si�r��n�this Security Iastrurter�t only to mottgag�, �4ant aAd convey that
<br />�..:;:�.e,_� Eomosrer's interest in tfie Property under the terms��F this Security Instrument:(b D is not personally abli�te��ct�pay the sums _
<br /> -��_� secured by this Security Insuiur�aent; and(cb asrees that L�i�der and am�other Bvnower may agree to extemt,n�ikfify.forbear or
<br /> make any a000mrnodatfons with regard ta U�e terms of tliis Securot�Instrumeat or the Note�vithout that Borrdwer's oonsent.
<br /> 13.Loan Cherg�v.Yg t�e loan secured by this Secunty InsUU�au�t�i$subject to a law which sets maximum toan charges,
<br /> and that law is tinally interp►reted so that the interest or oth�r luan charges cpilecte�or to be ooilected in aunnection with the
<br />--- — toan exc•,exd the pecmitte�lamits,then:(a)any such lai�:charge ahali be reduse�i�i_v the amount necessery to cc�c!uce the charge
<br />= to the permltted Iimit;and (b) any sums already collec��jt from 8orrower whic➢���z�eded pemiitted limits wfiLL itee refunded to
<br /> Borrower. I.ender may choose to make this refund by reducing the principai b�ved under the Note or by'•friaking a direct
<br /> payment to Borrower. If a refund reduces principal. the reduotio� will be treated as a partial prepayment without any
<br /> prepayment charge under the Note.
<br /> 14.Notices.Any notice to Bornower provided for in this Security Instnunent•shall be given by deGvering it or by mailing
<br /> � It by first class mail unless applicable law requires use of another method.The noaare shall be directed w the�aim�erty Address
<br /> or any other address Borrower designates by notice 4a a.ender. Any notice to Yxnder shail tse given by�.class mail to
<br /> Lender's address steted herein or any other address lkn�et�designaies by norice to Bomower.�y na�ticc provrd'ed for in this
<br /> Secur[ty Insmiment shall be daetne�to have been given to$orrowqr arF i.Rnder when given as pQ��asled in this parag�aph. ,
<br /> I5.Governing Law; Sevetalbility. This Securiry Instntme.�z s�all be govemed by.farlera! law and the law of the
<br /> jurisdiction in which the Prope�ty�is locuted.Jn the event that any provision or clause of this Security Insuument or the S�Pu�e
<br /> ,� conflicts with applicable taw,such confDict shell not af��ct other provis�ons of this Security Instn►ment or the Note which can be
<br />---.-- given effect without the oamtlicting provisian.To tlais sn�l the provisions of this Securlty Inswment and the Note are declated
<br /> _..� to be severable. � ' ''�" ' •
<br />- 16.&►rrower's Copy.Barrower shuli be given one tronfomted copy of the Note and of thi5 Security Instr�meirt. �
<br /> �-`N� 1'7.Trunsfer of the Prope�ty or u Benpfic[sl Inter�t In Borr�wer.If al l or any part of�he Property or any i�erest�in:�t
<br /> = is sold or transferred(or if a beneficial intcrest in Bamower is sold or transfemed and Borrower is not a nntucab•�son)��sti�hicut
<br /> -- i.ender's prior written wnsent,Lender may. at its option, mquire immediate payment in full of all $yrtas s�ea�rod by ttus
<br /> = Security Ic►sUument. However, this opdon shall not be exercise�by Lender if exercise ts prohibited by federal�tev us of the date
<br /> '��—.�_ of this Security Insriument. �
<br /> ____s%:�.,� If L.ender exercises this optiore,I.�ncler shall give Borrowes notire of acoeleration.The notice shall provide a peaoffi Af'�not
<br /> _,-;�;;,,,,� less thun 30 days from ih�date the notice is delivered or maiRe�i�vithin which Horrower niust pay aU sums secw�d �Sy•2his
<br /> _=�-�,g� Security Inswment.If Bmnrower fails to pay these swns primr to tfie expiration of this period,L.ender may invoke any�me�ies
<br /> - _::;;;�,;,,,� pemdtted by this Sec�rity�Tmsiswment without furthev n�n6ee�r ds�uutad on Bomower. _
<br />:::u�',�'��;,,,, 18. Borrower'� d8�lhi �o Retnstate. If Bortoi+r�r ai�ua ceatain oonditions, Borrower shall huve the right so have
<br />`=�r:�����1�' enfaroement of this Secunty Insuu�sent discontinued a4 any tora�r priur to the earlier of: (a)S days (or such oihet p�t�od'as
<br /> "_:���•��� applicable law may specify for reinstane,n2nt) before sale of u'�c�roperty pursuant to amy q�ower of sale contain� �n t�is
<br /> ""';�,'4'`�' Security Iastnttttent;or(b)entry of a j�dgmes�t enforcing this Ss�criry�nstrumem. Those ee�ndiiions are that Borrower.• s � s
<br />_;�..,�� �. ,,�, C' �?D<Y
<br /> ;vr���}„. [.ertder all sums which then would Pse due osnder this Securiry Instr�nrnent and the Note as if r.ti ac�elerzciQn had occurred:(b)
<br /> �-�����Fiw�� cures any default of any other cov�rts or agva.°ci�wts: (c)pays all expenses incumed in eafoiciqg t�cs�r�urity Instrument, .
<br />'"����;:�,�•�s� ineluding, but not limited eo, cc�sas�ble 2t�anneys•fexs: and(d)tnkes such z�rion as Leac£�t may reasar��y�oqu�re to assure
<br />'°y+.-" that the lien of this Security Inqnue�rts, E.eader's nghts in the Property and Bflrrower s aUligatinn rr,►pay the sums secured by
<br />-_''���` .'r.• this Secur'rty Instrutttent shall mn�irme unchanged. Upon reinstatement by Borrower, t�is 3ecunty Instrument and the
<br /> _ � -
<br />.u'1�i'r.�-�'�'� .d�tiootinn..cav�uevrl Mnmhv clw�l eptf't�in fidiv Pff�ive as if no aooeleistion had oCCUt[ed.HOWCVC�.cizis rip,ht to reinstate shalt
<br /> �:i.L:f�:�,::;:�`. ..���_��._,
<br />'•�;.,, ..� not apply in the case of acceleradon under paragraph 17.
<br /> �Q"�'r' ' 19. Sale of Note; Change o!Loan Serv[cer. The Note or a partial interest in the Note (lageirrCt with this Security
<br /> - • `'•. � Instrument)may be sold one or more dmes without prior notice to Borrower.A sale may cesult in a chen�e in the entity(known
<br /> , � as the"Lo:u�Servicer")thut coDects monthty p3yments due under t�e Note and this Security instn�ment.There nlso may be one
<br /> �. or mom changes of the Loan Servicer unrelated to a salc of the Note. If there is a change of the Loan Servicer,Borrower witl be
<br /> � ' . �iven wdnen notice of the change in acca*dance with paragraph 14 above and applicable law.The notice wip state the name and
<br /> , � uddress of the new I.oan Servicer and the address to which payments shnuld be niade. The notiee will also mntain any other
<br /> infi�rmation mquired by appli�ible law.
<br /> " • 20. tiuzArdous Subsluttces. Borrower shall not cause or perntit the presence.use, disposal, stor.�„se, or release of any
<br /> •"� •f'''' H�•rrdous Substances un or in the ProQerry. Borrower shall not do, nur allow anyone else to do, anythin� afTecting the
<br /> • � , Fmperty that is in vi��latinn ag nny �nvironmental law. The precoding hvo sentences sh�ll not apply to the presena, us�. or
<br /> • storage un the Property ut'small yuuntitie,of H:uanious Substanccs that are IIener.tlly nrugnir.ed tn be uppropriate to noimal
<br /> rcsidcntial u.es and w maintenance of the Property.
<br /> , , ' ' Popo 3 ot 8 . Form 3028 8/90
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